Site menu

Search by ticker code:
Generic filters


Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Why I want to buy more WHSP shares

Washington H. Soul Pattinson and Co Ltd (ASX:SOL), or WHSP, shares are likely to be my next investment. Here's why.

Washington H. Soul Pattinson and Co Ltd (ASX: SOL), or WHSP, shares are likely to be my next investment.

The last 12 months have been a great time to own ASX shares thanks to the strong gains we’ve seen for a wide range of companies.

In this situation, WHSP shares make a lot of sense to me. I like to invest regularly in the share market, but many share prices seem to have gotten ahead of themselves.

Strong portfolio

WHSP is an investment conglomerate which owns a portfolio of ASX shares of other assets that are largely defensive and provide good cash flow.

Its larger investments include New Hope Corporation Ltd (ASX: NHC), TPG Telecom Ltd (ASX: TPG), Brickworks Limited (ASX: BKW), Macquarie Group Ltd (ASX: MQG), Tuas Ltd (ASX: TUA) and Commonwealth Bank of Australia (ASX: CBA).

Some non-shares assets include agriculture, bonds, swimming schools, financial services, retirement living and property.

None of these assets strike me as materially more risky than the economy as a whole. I believe they can offer uncorrelated returns for WHSP shares.

Long-term investments

The business is very willing to make long-term investments in businesses, which in turn makes WHSP a solid long-term idea.

Its New Hope, TPG and Brickworks investments have been held for decades, and they’re providing appealing dividend income.

I’m not sure what the next TPG is going to be, though Tuas is growing very well in Singapore. That would be my best guess at the next investment that becomes a major holding.

I expect it has made a number of investments in the last few years which could be held for a long time.

Holding onto these investments for such a long time also means the business is avoiding capital gains tax if those investments were to be sold.

Solid, growing dividend

In this period of higher inflation, it’s good to own businesses that are regularly growing their payouts.

WHSP has grown its yearly dividend every year for the past 24 years. This is the longest streak on the ASX. Owning WHSP shares is a very fulfilling financial experience because it provides diversification, long-term capital growth and steady dividend growth.

While I do already own shares, I want to buy more, and it looks like a fair price today.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Jaz owns shares of WHSP and Brickworks.
Skip to content